Free Accounting Applications for Small Businesses

If you're running a small business, you easily can stay on top of your finances with smart accounting software. And it doesn't mean you'll have to invest a huge amount of money and time to learn how the software works. Here are seven accounting applications which are easy to use and available free of charge:

You can manage your invoices and credit notes, employee expenses, accounts payable and receivable, as well as payroll features. This flexible software can handle multiple cards, accounts and currencies.

No. 2 – Wave

This Cloud-based free accounting tool is a great pick for freelancers, small companies and sole traders. Counting more than two million users, Wave is a top online accounting service.

Accounting, invoicing and receipts can all be done for free. Personal technical support and payroll come at a charge. You might spot an occasional advertisement too. But on the whole, it's a well-designed app that helps businesses to keep finances in check.

No. 3 – Money Manager Ex

Money Manager Ex is excellent for small business or home use. It's open source and full of functionalities that easily can rival premium professional software.

It's intuitive, and allows to quickly set up diverse accounts and manage transaction. The app comes in a portable version as well, so it's enough to save it to your USB stick and take it with you everywhere without having to install it all over again.

For those who are constantly on the move, the Android app is just perfect for updating their accounts.

No. 4 – FreshBooks

A simple mobile app for accounting, FreshBooks will work for small businesses that need to access their accounting on the go. Despite its simplicity, the app is packed with interesting features and offers a fully functional accounting environment that is available from any location.

The app is available for iOS and Android. Whether you're a busy freelancer or you run a business that requires you to move around most of the time, this accounting app is definitely for you.

No. 5 – VT Cash Book

This minimalist bookkeeping app uses Excel for the underlying work. Sure, it might not look great, but it's perfect for accurate and simple recording of day to day cash transactions.

You can benefit from its Autocomplete feature to speed up data entry. It also supports multiple bank accounts and bank reconciliation options. You can use VT Cash Book to prepare VAT returns, create profit and loss, as well as clear balance sheets and ledgers.

No. 6 – TurboCASH

Small business owners will be satisfied with this accounting software. It's been around since 1985, and gained a huge following in the United States, Canada, Europe and Australia. Available in 23 languages, TurboCASH boasts an incredibly large community of more than 100,000 users.

It was designed for small and mid-sized businesses in mind. The app can help you manage debtors and creditors, VAT, purchase orders. It can handle multiple companies and multiple users, making it an excellent tool for keeping track of your complex accounts.

No. 7–Invoice Expert

If you're selling physical products, this Invoice Expert software is for you. While the free version is limited to 100 customers/products, it retains all key features to render anything from inventory and customer management to invoicing and quoting very simple. It might look a little intimidating, but it's actually very clear and straightforward.

Use one of these accounting apps and you'll gain full control over the financial side of your business.

Jessica Gust is a marketing assistant at Localpeek.co.uk – a new postcode finder. She is passionate about new marketing strategies, she is always eager to share her ideas through blogging.